Second Stimulus Package Rumors - True Or False By: Dennis Blank

Just when Obama entered the seat of Presidency, there were many challenges and the first challenge was to improve economic situation. As a result of detailed plan, stimulus package was introduced and there were many long-term plans and advices on spending about the stimulus package. But an overall view was that this was very much necessary and useful.

But after introducing one stimulus package, after witnessing the efficient working of the first stimulus package, there are thoughts of introducing another stimulus package. But is this true? If so, what are the requirements of another stimulus package? These have to be made very clear with its objectives.

In the recent interview given by President Obama, it was clearly stated "we just don't have the money". In one particular direction, the working of stimulus package was aimed at and this is being implemented. It is important to see that the complete expected results of first stimulus package are achieved in full satisfaction. If there is an abrupt movement to the other side, the main focus of stimulus package and its working will soon disappear and there would be risk again leading to another deep depression.

Therefore, this is the time, that every step that is taken has to be cautious and careful by analyzing the result of each and every step that is taken by the government. It is important that businesses must generate quicker money and the creation of new employment opportunities will soon lead a way to road ahead without any disruptions. It is true that there are many struggling communities due to unemployment but this factor has to be dealt with by increasing the number of small and medium enterprises, which will create job opportunities for every member of a family so that the income of family can be increased.

It is also true that government cannot create job opportunities but can lay foundations for commencement of new businesses whether at a medium level or at a bigger level. Businesses are always good and a good source of job creation. There are some areas such as bio-technology, pharmaceutical industry, medicare, green energy and plantation which requires growth on a fast pace as these areas are very good for future generations. Instead of introducing another stimulus package, efforts can be introduced to encourage small and medium enterprises to create job opportunities in these fields to help people to have regular income.

Therefore, the focus is on creation of new jobs and not on saving or protection of people. If jobs are created, people will benefit and can gain more confidence and financially stable in all situations. President Obama also expressed that there are people in his own family who are without jobs and it sounds very painful and signifies how important for everyone to have a job for regular income. This once again reiterates a fact that for the moment, there are no plans for second stimulus package but, there is more concentration in improving the living standards of people by creating job opportunities.

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